EAVEX Weekly

December 14, 2020

Kyiv-listed stocks finished mixed for a second straight week as local portfolio managers preferred to rebalance their investments ahead of the year-end. The hottest stock for the last month, UkrNafta (UNAF), dropped by 6.7% to UAH 167 on profit taking after a firm rise from UAH 140 per share. Sporadically traded UX index member TurboAtom (TATM) fell 5.4% to UAH 8.2 without a visible driver. On the upside, CentrEnergo (CEEN) advanced by 2.3% to UAH 6.75 and Raiffeisen Bank Aval (BAVL) bounced back to 41.00 kopecks, adding 2.5% for the week. The UX index shed 0.3% to close at 1510 points on Friday. In economic news, the European Commission disbursed EUR 600mn in macrofinancial assistance to Ukraine. The loan should help the country to balance the national budget this year, as its deficit is estimated at near 8% of GDP on the back of the COVID crisis.